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Press Release

Montreal, Qc. – May 4, 2010

Announcing CashOnTime's Collections Management Suite to Improve Cash Flow, DSO

CashOnTime Inc., a leading provider of collections management solutions for mid-to-large sized B2B collections teams, today announced the latest release of the CashOnTime product suite, an intuitive suite of collections management tools designed to streamline collections and improve an organization’s cash flow.

In the current financial climate where cash is king, a collections management tool helps organizations free up critical working capital. And, according to CFO Magazine, many organizations have more than 60% of working capital tied up in outstanding invoices. With the CashOnTime product suite, companies can optimize their collections process for greater efficiency, effectiveness and improved cash flow. The solution helps decrease Days Sales Outstanding (DSO), a figure used to calculate financial health, and minimize the number of past due accounts through proactive management.

The CashOnTime suite has a central collections product and a number of modules for invoice delivery, dispute resolution, customer service portals and advanced reporting. It seamlessly integrated with any Account Receivables or ERP system and provides integrations with existing CRM, Credit and Payment systems.

The solution is available as an internal, onsite deployment or as an On-Demand or Software as a Service (SaaS) offering. Both options offer fast deployment – unlike lengthy and expensive offerings by traditional ERP and Collections vendors. While the ERP best of breed vs single-vendor debate rages on, many organizations see a competitive advantage and cost savings in a best of breed approach.

“The CashOnTime suite was developed to break the mold of the high cost, lengthy implementations needed to add functionality by ERP vendors”, says Michel Vincent, President & CEO of CashOnTime. “CashOnTime was developed by collections professionals for collection management - only. That laser focus allows us to offer the most functionally rich, cost-effective solution with the fastest deployment on the market.”

About CashOnTime, Inc.

CashOnTime delivers the leading enterprise collections management solution that provides an exceptional customer experience with fast, economical deployment and a rapid, measurable return on investment. Our solutions deliver improved cash flow, productivity and visibility for maximum accountability, performance and value for companies around the world. For more information, visit www.cashontime.com.

For further information:

Please contact us at media@cashontime.com.